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CPQ Academy Quiz (Session 3)

A visually appealing and informative illustration representing CPQ processes including pricing, discounts, and product selection workflows, featuring charts and icons related to sales and customer accounts.

CPQ Academy Quiz: Session 3

Welcome to the CPQ Academy Quiz for Session 3! Test your knowledge of Configure Price Quote (CPQ) processes and best practices. This quiz contains 11 questions designed to assess your understanding of key concepts, strategies, and functionalities relevant to CPQ.

Multiple choice and checkbox questions
Diverse topics including pricing, discount scheduling, and custom actions
Engaging and informative experience

11 Questions3 MinutesCreated by LearningLynx257

An Admin has created a custom action and they want it to be added under the “Add Products” menu. How can this be accomplished? (Choose 2 answers)

Create a new Custom Action button

Create a new twin field called “Add Products”

Populate the Parent Custom Action field with a lookup to the “Add Products”

Create a custom action button in add products page layout.

The Regular price is the result after applying which discount level?

System

Partner

Distributor

Original

If the list price is $100 for Product A and there is 5% Partner Discount and a 10% Distributor Discount, what is the net price (assuming no other discounts)?

$85.00

$85.50

$82.50

$80.00

The upper bound field value is inclusive for a Block Price?

True

False

Sales Users of a Company requires to select the quote custom field “Pilot” when they add the product in QLE. How should an Admin customize the layout of the QLE so that the “Pilot” appears?

Add the Pilot field in Quote Line Line Editor Field Set

Add the Pilot field in Quote Line Editor Field Set

A developer efforts is required

Admin cannot customize the QLE layout

How can an Admin note that a Product is a subscription product?

Populate the Subscription Pricing field

Populate the Pricing Method field

Populate the Subscription Type field

It is a subscription by default

A company has two different customer Accounts, Coca-Cola and Honest Tea; Honest Tea is a child account of Coca-Cola. Coca-Cola has a contracted Price of $1000 for Container Y. However, company wants Honest Tea to have a contracted price of $800 for Container Y. How would you make the correct adjustment? (Choose 2 Answers)

Mark Ignore Parent Contracted Price on Honest Tea

Mark Ignore Parent Contracted Price on Coca-Cola

Add a Contracted Price to Honest Tea account

Add an additional Contracted Price on the parent account

How are additional discounts entered?

Manually into the Additional Discounts field

Automatically by the system into the Additional Discounts field

Automatically into the Special Price field

Manually into the Target Customer Amount field

What are the two variations for Discount Schedules to be applied?

Unit

Product

List Price

Term Length

If you want the discount schedule to change based on the quantity of the product set on the Quote, which is the correct setup?

Aggregation Scope - Group

Discount Schedule - Quote

Aggregation Scope - Quote

Discount Schedule - Product

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